How crypto innovation is sweeping the world

Nelly Chatue-Diop is co-founder and CEO of Ejara.Ejara
  • Cryptographic innovations are happening all over the world, from Latin America to Africa to Asia.
  • Investment, payments, art, identity – the variety of applications is wide.

The crypto market may be experiencing a historic downturn, but the innovation around it is happening all over the world.

Since June, Insider has been studying Web3 apps across time zones for a series we’re calling “Master Your Crypto.”

Here are some important points.


While crypto is most commonly associated with investing, Insider reporter Lisa Kailai Han noted the many real-life cases of Africa being used daily across the continent. Mazzuma from Ghana offers a suite of payment and remittance options, with blockchain being leveraged to reduce costs. In Zimbabwe, FlexID is helping to formalize identity, having verified over a million banking credentials in the country over the past three years, all based on WhatsApp.

Raised in Cameroon, Nelly Chatue-Diop is CEO and co-founder of investment platform Ejara. Chatue-Diop told Insider’s Morgan Chittum that she wanted to level the playing field for access to crypto to make the investment class something consumers beyond the very wealthy could tap into. . This would also allow users to hedge against ups and downs in state currencies.

Crypto is “streamlining the whole flow” of payments, Jocelyn Cheng, CEO of Luno Expeditions, told April Joyner.

“If you are looking for instant settlement or very fast settlement, it saves the supplier from having huge cash reserves in destination countries,” the venture capitalist said.


Singapore loves crypto. Advertising firm BBH Singapore commissioned Parisa Hashem for its survey of 1,000 investors in the city-state in May and June. He found an astonishing amount of loyalty despite the recession, with nearly two-thirds of investors saying they would continue to invest. Sixty-nine percent agreed that cryptocurrency was the future of money, the company said.

Operating out of Hong Kong, crypto lender Finblox serves all of Southeast Asia. CEO Peter Hoang is a graduate of Harvard Business School and founded both a gaming company and a social networking company before launching Finblox, which allows users to invest or lend for 23 coins. He was careful to note to our reporter Katie Canales that crypto was not a shortcut to riches.

“The golden rules of investing – the higher the risk, the higher the return and time in market is more important than market timing – apply to crypto as well, and people don’t should not misinterpret this asset class as a get-rich-quick scheme,” he said.

Latin America

While El Salvador’s ventures into Web3 have not been successful — Rolling Stone recently asked if it would be the first country to go bankrupt by crypto — there is a lot of interest in the space in the region. Brazil, Colombia, and Argentina are among the 20 countries with the highest crypto adoption, according to a 2021 report by blockchain data firm Chainalysis.

The major player is Bitso, a unicorn from Mexico City, which was founded to serve the unbanked in the region and create easier access to financial instruments like money transfers, reports Katie Canales. Investing in crypto can also help users hedge against inflation, such as the 70% rate plaguing Argentina.


In less than two years, digital art has exploded. One of the main space curators is Kevin Rose, known in previous versions of the tech universe as the founder of Digg. More recently, he created the pixel-art collection of owls, Moonbirds, the cheapest of which costs over $20,000. His podcast “Proof” wants to be the “Wine Spectator” of digital art.

How does he make his decisions about what he collects?

Start with how you feel.

“I want it to be something that even in the worst bear market I’m not going to sell because I like it,” Rose said.

This article is intended to provide general information designed to educate a broad segment of the public; it does not provide personalized investment, legal or other business and professional advice. Before taking any action, you should always consult your own financial, legal, tax, investment or other professional for advice on matters affecting you and/or your business.


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